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Department Of Justice Is Now Investigating JP Morgan's Energy Business

Yesterday we got word that JP Morgan (NYSE: JPM ) was being investigated for violating the Foreign Corrupt Practices Act. by hiring the children of China's ruling class, in order to generate business in the country.

Well today we are hearing that the DOJ is going to be looking into the testimony of JP Morgan's commodities head Blythe Masters, who denied knowing about the "schemes" JP Morgan energy traders were doing in Houston. The firm already paid out $410 million is fines over the incident so everyone thought it was done and over with but it seems like the DOJ is coming after JP Morgan like never before.